Tourism requires the actual movement of currency notes while investment in international bank deposits does not
a. True
b. False
Indicate whether the statement is true or false
True
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A decrease in the capital gains tax on income made from new capital investment will:
A. shift the supply of saving curve to the right. B. shift the demand for investment curve to the left. C. shift the supply of saving curve to the left. D. shift the demand for investment curve to the right.
Quotas and tariffs both serve the purpose of
A) increasing foreign trade. B) restricting foreign trade. C) causing domestic producers to lose revenues. D) lowering prices on imported goods.
According to Joseph Schumpeter, many Midwestern railroads:
a. were built too late and thus faced heavy competition from trucks. b. were built ahead of demand. c. were unnecessary because they followed routes already adequately served by other means of transportation. d. would have been built more quickly in the absence of government aid.
When demand increases, in the short run the purely competitive firm:
A. can alter available inputs and output as well as the size of the plant. B. will earn higher profits or experience smaller losses. C. will experience no change in costs as it steps up production. D. will spend more on advertising.